In 2023, the Air Transport Gross Value Added in the Philippines stood as a baseline for future predictions. From 2024 to 2028, the sector is projected to experience steady growth, with values increasing from 136.69 billion Philippine Pesos in 2024 to 155.05 billion Philippine Pesos in 2028. The year-on-year growth rates for 2024 to 2028 reveal a consistent upward trajectory, signifying a robust expansion of the air transport sector.
Future trends to watch for include:
- Emergence of new regional and international routes boosting market demand.
- Technological advancements in aviation improving efficiency and capacity.
- Impact of environmental regulations on the sustainability efforts and cost structures of airlines.
- Investment in infrastructure and airport enhancements to accommodate growing passenger traffic.
- Potential fluctuations in oil prices affecting operational costs and pricing strategies in the air transport sector.